Nvidia was once worth over $3 trillion and was the most valuable stock on the market, but has lost over a half trillion dollars worth of value since the start of the year. NVDA stock is down 20% in 2025 and currently trades below $109 per share.

Chinese tech giant Huawei is reportedly ready to test a new artificial-intelligence chip to compete with Nvidia — but the U.S. chipmaker shouldn’t be too concerned, according to one analyst. Huawei is looking to test its Ascend 910D chip with fellow homegrown tech companies and is expected to get its first samples of the chips next month,